On 4 October 2008, Grameen-Crédit Agricole Microfinance Foundation held its first board meeting in Luxembourg. It appointed René Carron, Chairman of Crédit Agricole S.A., as its Chairman and Jean-Luc Perron, adviser to Crédit Agricole S.A.'s Management Board, as its Chief Representative.

Her Royal Highness the Grand Duchess of Luxembourg, who is closely involved in the fight against global poverty, agreed to sit on the Foundation's board, alongside Professor Yunus, Nobel Peace Prize winner and Chairman of Grameen Bank...